SP500 no more gaps to fill

[NoahA]

Chart image above says Globex.

Here is what I have going back a year, eMini continuous RTH (@ES.D) trading only, every gap filled except the two (not one) recent occurrences since June swing low:-
View attachment 290065

It says Globex because I use the entire session from 6pm ET to 5pm the next day, but just show the bars from 09:30am to 4pm. So I kind of just build my own RTH daily chart.

As for the two areas you outline in your red boxes, we agree on the second one, just above 3800, but I honestly don't see the first one just above 3700. Here is my view, more zoomed in and shown on an hourly chart. Everything around 3700 close to the lows is filled in.

 

[NoahA]

Oppps... I actually missed one at 3860. It shows up on the hourly but not on the daily because of how this works.

But if I draw in every single one that I see here on the hourly, it comes to 12. (many are not visible on the daily mind you) Only 2 are not filled out of 12, and that therefore gives a pretty high win rate. And I fully expect two the at 3860 and 3820 to fill. And especially if this plays out like a channel as outlined.

 

[SunTrader]

 

[NoahA]

View attachment 290071

Here is how my chart looks. You have a missing bar on June 20, but now that I look into it, I see it was Juneteenth. The volume was extremely low that day, so even though price did move, I think its correct to disregard this bar and call it an open gap. So you're right!

 

[SunTrader]

6/9/22 $SPX Low is 4017.17, today's high is 4012.44 so no, gap was not filled yet.

What do we have here. It looks like a gap fill today with the $SPX - no "obligation" required it seems.

 

[SunTrader]

Yeah but what do I know. This guy have an alphabet soup of letters after his last name. Must make the big bucks.

https://twitter.com/x/status/1552384616195133443

 

[Overnight]

Yeah but what do I know. This guy have an alphabet soup of letters after his last name. Must make the big bucks.

https://twitter.com/x/status/1552384616195133443

Looks like a bear-market bounce to me.

 

[maxinger]

Maybe my eyes playing tricks on me, but it seems we filled the last big gap made last month. It's only because China hosted the Olympics this year we can expect a hard landing this coming Winter. So nope Mr. Market hasn't bottomed yet. More importantly Mr. Market hasn't even given the market bull the big middle finger yet like he did back towards the end of 2008/early 2009! So, plenty more downside to look forward to this coming Winter...
View attachment 289981

simply plot ES instead of SP500.
Then there are hardly any gaps.

Then you don't have to worry about gap being closed / filled,
gap as support / resistance ... and those things.

 

[Overnight]

simply plot ES instead of SP500.
Then there are hardly any gaps.

That's because the ES is what causes the gaps of the SP!

 

[HeSaidSheSaid]

possibly, Morgan Stanley, Goldman Sachs, & JPM band together to smoke daddy Dalio out of his short positions. They all have sung the bullish tune lately.
He got on TV and bragged about how well his short positions are doing.